Golden Goliath Resources Ltd GGTHF

Primary Symbol: V.GNG

Metals & Mining Gold

Golden Goliath Resources Ltd. is a Canada-based junior exploration company. The Company is focused on exploring and developing about four rare earth element properties in Quebec and two gold properties in the Red Lake and Sault Ste. Marie Mining Districts of Ontario. It also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on seven other nearby properties. The four rare earth element properties in Quebec include Victory 21 Property, Citadell Property, Bedard Property, and Ernest Property. The Victory 21 Property includes about 18 map claims, 10 pending claims over 1200 hectares. The Citadell Property, Bedard Property and Ernest Property are located in Central Quebec, stable modern mining jurisdiction, which includes about 24, 22, and 34 map claims. Its Wish Ore Property is located 60 kilometers north of Sault Ste Marie. Its other properties include the Kwai Property and SLF Property.

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Post by JPSPRESon Jan 25, 2024 11:48pm

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Post# 35846441

News

Golden Goliath Receives Detailed Drone Magnetics Data for Manicouagan Project

Vancouver, January 25, 2024, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZA)

Golden Goliath Resources is pleased to report that the Detailed Drone Magnetics data on our Ernest and Victory 21 properties has been processed and forwarded to geophysist Jean-M Hubert, eng. for merging with the earlier radiometrics data for combined interpretation and target identification. The magnetics survey was carried out in December 2023 by Pioneer Exploration. The detail survey was done using Drone mounted magnetometer at 40 meter height and 30 meter line spacing, with sampling every 0.4 meters.

Figure 1: Manicouagan REE Project Overview

Golden Goliath’s Manicouagan Project consists of four properties covering anomalous Rare Earth Element occurrences just to the south of the Manicouagan impact crater. Highway 389 splits the four properties just north of the Robert Bourassa hydro dam at Manic-5, 215 km north of Baie Comeau. The initial exploration program on these properties was conducted last summer and consisted of geology and geochemistry as well as ground radiometricsurveys on Ernest and Victory 21 to identify the source of lake sediment anomalies and to assess previous anomalous rock samples. The Drone magnetics survey is intended to help define the anomalous rock units.

Figure 2: Ernest- Drone Magnetic Survey, First Vertical Derivative, Units nT/M

This data will be merged with the Radiometrics data reported in the November 2023 news release. The merged and interpreted data set will be used as the basis for targeting a stripping and systematic sampling programon Ernest and Victory 21 in order to define drill targets. Further radiometric and magnetics surveys will be conducted on Bedard and Citadelle as soon as conditions allow.

Golden Goliath CEO Paul Sorbara said, “Jean-M Hubert eng. has confirmed the very high quality of the magnetics data and has begun the work to integrate the magnetics with the radiometrics. I am excited to look forward to the results of that work and will report on it as soon as we have it in hand.”